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THE CUBA REVIEW 



CUBAN RAILROAD MATTERS 



EARNINGS OF THE CUBA RAILROAD, THE HAVANA ELECTRIC, ETC, 

 Yearly Earnings of the Cuba Railroad 



The gross and net earnings of the Cuba Railroad for the twelve months ended June 30, 

 1913, constitute a record. The main comparisons of the past three years are : 



Year ended June 30th 1913 1912 1911 



Gross earnings $4,632,039 $3,819,253 $3,059,649 



Expenses 2,416,537 2,000,394 1,685,578 



Net earnings 2,215,502 1,818,859 1,374,071 



Interest, charges, etc 801,222 758,998 576,755 



1,414,280 1,059,861 797,316 



Pref. div 600,000 550,000 450,000 



6 per cent 5% per cent 4% per cent 



Divisible 814,280 ■ 509,862 347,316 



400,000 .... 



Rate 4 per cent nil nil 



414,280 509,862 347,316 



Earnings of the Havana Electric Railway 



Weekly receipts: 1913 



Week ending September 7th $54,537 



Week ending September 14th 56,655 



Week ending September 21st. 53,379 



Week ending September 28th 51,519 



Earnings of the United Railway of Havana 



Weekly receipts : 1913 



Week ending August 30th il8,921 



Week ending September 6th 19,996 



Week ending September 13th 19,680 



Week ending September 20th 18,889 



WESTERN RAILROAD DIVIDEND 



The Western of Havana announces a 

 dividend of 7 per cent, the same as for the 

 preceding year, and the appropriations are 

 also the same — £10,000 to reserve, £5,000 to 

 insurance fund, and £16,703 forward. West- 

 ern of Havana £10 shares, standing at 12%, 

 yield £5 12s per cent on the 7 per cent 

 basis. 



Havana's mayor approves the project, but 

 wants the condition made that if the city 

 council or some other concessionaire de- 

 cides to build a better railroad, that Mr. 

 Barlow shall consent to the removal of his 

 road for a reasonable indemnity. 



ELEVATED ROAD SCHEME 



Joseph E. Barlow, of Havana, has asked 

 the city council to grant him a concession 

 for the erection of an elevated railway from 

 Havana to Buena Vista, Camp Columbia 

 and other nearby places. 



CUBAN CENTRAL S NEW MANAGER 



The board of directors of the Cuban 

 Central Railways of Santa Clara have ap- 

 pointed Mr. George Morson, acting general 

 manager of the United Railways of Ha- 

 vana, to succeed Mr. Harry Usher, as gen- 

 eral manager of that road. 



Mr. Morson takes possession of his office 

 in December. 



